Justo Realfintech, a real estate mandate services provider, made its stock market debut today with a grey market premium indicating investor interest. The company's initial public offering (IPO) has garnered attention in the market, with its shares expected to list at a premium to the issue price.

Listing Details

• Expected listing price: Rs 132.00
• IPO issue price: Rs 127.00
• Grey market premium: 4%

IPO Performance

The Rs 63.00 crore IPO of Justo Realfintech witnessed strong demand across investor categories:

The company successfully raised Rs 17.91 crore from anchor investors prior to the public issue.

Company Overview

Justo Realfintech specializes in providing comprehensive real estate mandate services across several key markets in Maharashtra:

• Operational areas: Pune, Mumbai Metropolitan Region, Nashik, Aurangabad, and Kolhapur
• Services: Property sales advisory to financing
• Track record: Facilitated sales worth over Rs 8,150.00 crore across 11,250 units
• Current projects: Managing 37 active projects

Financial Performance

The company has shown strong financial growth:

• Revenue: Grew by 37% to Rs 81.60 crore
• Profit After Tax: More than doubled to Rs 15.20 crore

The listing of Justo Realfintech marks a significant milestone for the company as it enters the public market. Investors will be closely watching the stock's performance in its early trading sessions.

Justo Realfintech, a Maharashtra-based real estate services company, has launched its Initial Public Offering (IPO) to raise Rs 63 crore. The company has set the share price band at Rs 120-127 per share for the public issue.

IPO Details

• Issue Size: Rs 63 crore
• Price Band: Rs 120-127 per share
• Subscription Closing Date: September 26
• Expected Listing Date: October 1 (BSE SME platform)

Company Overview

Justo Realfintech operates across several key markets in Maharashtra, including:

• Pune
• Mumbai Metropolitan Region
• Nashik
• Aurangabad
• Kolhapur

The company offers a range of services in the real estate sector, including:

• Advisory
• Sales strategy
• Marketing
• Financing solutions

Track Record and Current Operations

• Facilitated sales worth over Rs 8.15 lakh
• Covered 11,250+ housing units
• Currently holds mandates for 37 projects

Financial Performance

The company has shown strong financial growth:

• Revenue increased by 36.67% to Rs 82.00 crore in FY25
• Profit after tax rose from Rs 6.70 crore in FY24 to Rs 15.20 crore in FY25
• EBITDA margin expanded to 26.30% in FY25

Grey Market Premium

The grey market premium for Justo Realfintech's shares stands at Rs 11, indicating investor interest in the IPO.

Use of IPO Proceeds

The company plans to utilize the funds raised from the IPO for:

1. Working capital needs: Rs 36.50 crore
2. IT infrastructure investment: Rs 6.30 crore
3. Partial debt repayment: Rs 5.00 crore

Investors interested in the real estate services sector may consider this IPO, keeping in mind the company's growth trajectory and expansion plans. As always, it is advisable to review the offer document and consult with financial advisors before making investment decisions.